Integrated Quantitative Investments LLC Invests $379,000 in Voya Financial, Inc. (NYSE:VOYA)

Integrated Quantitative Investments LLC acquired a new stake in Voya Financial, Inc. (NYSE:VOYA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,500 shares of the asset manager’s stock, valued at approximately $379,000.

Several other large investors have also bought and sold shares of VOYA. Victory Capital Management Inc. boosted its stake in shares of Voya Financial by 3.6% in the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock valued at $22,561,000 after purchasing an additional 11,336 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in Voya Financial by 420.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock worth $4,812,000 after acquiring an additional 52,032 shares during the period. KBC Group NV grew its holdings in Voya Financial by 260.5% during the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock worth $646,000 after acquiring an additional 6,781 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Voya Financial in the 4th quarter valued at about $47,155,000. Finally, Barclays PLC lifted its stake in shares of Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock valued at $3,872,000 after purchasing an additional 15,902 shares during the period. 96.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VOYA shares. Evercore ISI lowered their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Bank of America reissued an “underperform” rating and set a $71.00 target price (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Wells Fargo & Company lifted their price target on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Piper Sandler cut their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada decreased their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Voya Financial currently has an average rating of “Hold” and a consensus target price of $82.83.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $56.59 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock has a market cap of $5.41 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The stock’s fifty day simple moving average is $69.95 and its two-hundred day simple moving average is $74.09. Voya Financial, Inc. has a 1-year low of $55.23 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. As a group, analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.18%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

Voya Financial Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.